Project Financial Decision Game Model with Asymmetric Information
Luo Pin · Fudan xuebao. Ziran Kexue ban · 2003
An outer financier was added into traditional project financial structure games,then the optimal incentive contracts were designed with the owner being delegated to decide the financial structure of project or not. The main conclusions were:the existence of outer equity stake might have different impacts on the action of manager which depends on the delegation of financial structure decisions.